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Essence of Skunk Fragrances, Ltd., sells 7,000 units of its perfume collection each year at a price per unit of $450. All sales are on

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Essence of Skunk Fragrances, Ltd., sells 7,000 units of its perfume collection each year at a price per unit of $450. All sales are on credit with terms of 2/10, net 40. The discount is taken by 50 percent of the customers. a. Calculate the average collection period. (Do not round Intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What is the receivables turnover? (Use 365 days a year. Do not round Intermediate calculations and round your answer to 3 decimal places, e.g., 32.161.) c. What is the amount of the company's average receivables? (Do not round Intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a. Average collection period b. Receivables turnover Average receviables days times C

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